Cloud Communication Platforms Market will Register a CAGR of 21.7% through 2027

Posted by Vikas Bahurupi on July 16th, 2018

The position of one of the most advanced ways for cloud computing has been held by cloud communication technologies over the past few years. Current connected mobile workforce is capable of working from any location which has resulted in essentiality of secure communications. Embedding voice, video and messaging directly into software applications, cloud communication platform developers offer organisations with greater scalability, flexibility & business agility, reducing costs in the long term.

Soaring demand for Customer-Centric Solutions to Propel the Growth of Global Cloud Communication Platforms Market

As per a study by Research Report Insights (RRI), cloud communication platforms have rendered easier communication primarily by mobile, social and online systems. In addition, cloud communication platforms provide enterprises to scale, build and deploy their communication systems by using solutions such as VoIP (Voice over Internet Protocol), IVR (Interactive Voice Response), WebRTC (Web Real-Time Communication), and UCC/UCaaS (Unified Communication and Collaboration).

According to the insightful market survey on cloud communication platforms on a global basis, the global cloud communication platform market is anticipated to expand at a higher pace to register a stellar 21.7% CAGR throughout the period of forecast. During the 2017-2027 timeline, the global market for cloud communication platforms is estimated to reach a market evaluation of US$ 12 Bn by the end of 2027 from a value of US$ 1.4 Bn in 2017

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Widespread adoption of the trend- “bring your own device”, by several industries’ evolving work culture have fuelled the demand for the cloud communication platforms. Some prominent driver of the global cloud communication platforms market include benefits offered against over cost & rigid nature of traditional communication systems, and soaring demand for solutions that are customer-centric. However, factors such as depending on third party for cloud security & services, high initial investments, and privacy problems associated with cloud are expected to restrain the market growth.

Continuant Extends its Partnership with Tata Communications to Enhance Digital Cloud Communication Platforms

Various strategic partnerships and acquisitions have taken place in the global cloud communication platforms market. Continuant, provider of global managed services, recently announced extending its strategic partnership with Tata Communications, leading global communication & managed services provider, for the provision of dedicated hosted Cisco collaboration solutions to all enterprise customers across the globe. This partnership is expected to enhance digital cloud communication platforms. The result is one-stop-shop solution for industries pursuing completely managed and scalable cloud solutions.

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Communication Platform as a Service

Communication Platform as a Service (CPaaS), a cloud–based platform, enables developers in adding real-time communication features, such as messaging, video and voice, in their applications eliminating the need for building backend infrastructure & interfaces. A CPaaS provides complete development framework in building real-time communication features. This includes standards-based APIs (application programming interfaces), pre-built applications, software tools, and sample code. CPaaS provides also offer support & product documentation, helping developers in the development process.